[Analyst: Bitcoin is Breaking Through the Bottom and Starting an Uptrend, Long-Term Holder SOPR Surpasses 1] CryptoQuant analyst CW8900 stated in an article that Bitcoin is breaking through the bottom and starting an uptrend, with the Spent Output Profit Ratio (SOPR) of long-term holders (LTH) rising above 1. The market is shifting from a bearish phase to neutral, signaling the beginning of a full-scale upward trend. He emphasized that in this cycle, the SOPR has not yet exceeded 6, whereas historically, cycle tops typically form within this range. This indicates that long-term holders have not yet entered the profit-taking phase, and the true bull market rally has not yet occurred. Everything prior has been a preparatory phase for the current uptrend. LTH holdings are at an all-time high and have continued to increase until recently. He believes the real uptrend starts now, and the cycle top will appear in the profit-taking range when SOPR exceeds 6.